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After Malaysia
Championship Standings:
Drivers

Pos Entrant Points
1 Lewis Hamilton 281
2 Sebastian Vettel 247
3 Valtteri Bottas 222
4 Daniel Ricciardo 177
5 Kimi Raikkonen 138
6 Max Verstappen 93
7 Sergio Perez 76
8 Esteban Ocon 57
9 Carlos Sainz 48
10 Nico Hulkenberg 34
11 Felipe Massa 33
12 Lance Stroll 32
13 Romain Grosjean 26
14 Stoffel Vandoorne 13
15 Kevin Magnussen 11
16 Fernando Alonso 10
17 Jolyon Palmer 8
18 Pascal Wehrlein 5
19 Daniil Kvyat 4
20 Marcus Ericsson 0
21 Antonio Giovinazzi 0
22 Pierre Gasly 0

Constructors
Pos Team Points
1 Mercedes 503
2 Ferrari 385
3 Red Bull 270
4 Force India 133
5 Williams 65
6 Toro Rosso 52
7 Renault 42
8 Haas Ferrari 37
9 McLaren Honda 23
10 Sauber Ferrari 5
  
 

Full Honda statement on F1 withdrawal

Formula 1
Friday, December 5, 2008

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Honda President and CEO Takeo Fukui
The following is the full statement from Honda President and CEO Takeo Fukui regarding the firm’s decision to pull out of Formula One...

We, Honda Motor Co., Ltd., have come to the conclusion that we will withdraw from all Formula One activities, making 2008 the last season of participation.

This difficult decision has been made in light of the quickly deteriorating operating environment facing the global auto industry, brought on by the sub-prime problem in the United States, the deepening credit crisis and the sudden contraction of the world economies.

Honda must protect its core business activities and secure the long term as widespread uncertainties in the economies around the globe continue to mount. A recovery is expected to take some time.

Under these circumstances, Honda has taken swift and flexible measures to counter this sudden and expansive weakening of the marketplace in all business areas. However, in recognition of the need to optimize the allocation of management resources, including investment regarding the future, we have decided to withdraw from Formula One participation. We will enter into consultation with the associates of Honda Racing F1 Team and its engine supplier Honda Racing Development regarding the future of the two companies. This will include offering the team for sale.

In its third era of Formula One activities, Honda has been participating in Formula One races from the 2000 season, initially with BAR, by adopting a new format of jointly developing racing machines. 

Subsequently, in a move to meet the changing environment surrounding Formula One, we switched to running a 100 percent Honda-owned team commencing with the 2006 season.

Surmounting many challenges, the Honda Team achieved a Grand Prix victory in 2006, enabling Honda to receive overwhelming support from Honda fans around the world that were looking forward to greater success. It, therefore, has been an extremely difficult decision for us to come to this conclusion without having been able to fully meet the expectations of our fans.

By making the best of what we have learned during these times of economic turmoil, coupled with the spirit of challenge gained through active participation in racing, we intend to continue with our commitment in meeting new challenges.

Finally, we would like to take this opportunity to sincerely thank our fans and all those who have supported Honda’s Formula One efforts, including everyone in the world of Formula One.

Thank you very much.

Takeo Fukui
President and CEO
Honda Motor Co., Ltd.

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